Smartphones, laptops and equipment for chipmaking are among items exempt from China tariffs under new guidance from the government.

The Trump administration's threat of massive new tariffs has sent Apple Inc.'s share price plummeting, but it also brought a short-term benefit: customers rushing to retail stores to buy iPhones.

Apple and Nintendo are taking strategic steps to mitigate the financial impact of President Trump’s latest tariff increases, which threaten to disrupt their global supply chains and product pricing. Apple has shipped 600 tons of products from India to the U.